For those of our readers new to the European Emissions Trading Scheme (ETS), here’s a handy question-and-answer guide to the scheme.
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The President of the European Commission, Jose Manuel Barroso, has announced Europe’s targets for alternative energy sources and carbon emission reductions. The targets are ambitious, and the proposed new rules for the ETS should lead to higher prices. Member states and MEPs need to endorse these proposals before they come into force.
“The [...]

Europe’s large power generators face a tougher regulatory regime, as from yesterday, with restrictions on emissions of sulphur dioxide and nitrous oxide, and the start of Phase 2 of the EU Carbon Emissions Trading scheme. The UK Guardian’s Mark Milner discusses the implications for UK power generators, here.
“The EU’s large combustion [...]

The industrial emissions quotas are being reduced by 10% compared with what governments had initially wanted for the phase 2008-2012, according to Reuters. European member states are threatening to appeal to the decision.
The EC assures that the decision is key to reach the targets for reduction of greenhouse gases and to strengthen the European Trading [...]

The EU was due to put forth proposals to cut CO2 emissions by 20% and use renewable energy to replace 20% of its energy by 2020 on December 5th in Bali. They have postponed the announcement of these plans till the new year after disagreements over the commission’s new targets and plans for car manufacturers’ [...]